Joby Aviation designs and manufactures eVTOL aircraft intended to enable fast, quiet, and emissions-free urban and regional air transport. Their approach couples aerodynamic design, electric propulsion, battery systems and avionics to deliver short-distance air taxi services integrating ground and air operations. Joby works with regulators, airline partners and infrastructure players to certify aircraft, build manufacturing lines, and create commercial route networks. The company’s strategic partnerships with Toyota and Delta support production scale and route commercialization.
What Is Joby Aviation and What Does It Do?
Joby Aviation, founded in 2009 by JoeBen Bevirt, is a Santa Cruz–based (United States) aerospace and eVTOL manufacturer producing electric vertical takeoff & landing aircraft for urban air mobility. The company employs 2,029 people and focuses on aircraft design, certification, flight operations and manufacturing. Joby’s mission is to provide quiet, low-emission air taxi services that reduce urban travel times and create scalable aerial networks in partnership with airlines and infrastructure providers.
How Much Funding Has Joby Aviation Raised?
1. Post IPO corporate / strategic rounds (2024–2025)
- Amount Raised: $500M (Oct 2024), $250M (May 27, 2025) and other post-IPO tranches with Toyota, Delta, SK Telecom (corporate investors)
- Date: 2024–2025
- Lead Investors / Partners: Toyota, Delta, SK Telecom (corporate strategic)
- Motivation: Manufacturing scale, certification and commercial rollout.
2. Series C
- Amount Raised: $590M
- Date: January 15, 2020
- Lead Investors: Jimco, JetBlue Technology Ventures, Toyota Ventures, Intel Capital, others
- Motivation: R&D, flight testing and certification efforts.
3. Series B & earlier
- Amount Raised: $100M (Series B, 2018) and earlier rounds earlier in the 2010s
- Date: 2016–2018
- Motivation: Prototype development and initial testing.
Total Funding Raised: $690 Million
Latest Funding Date: May 27, 2025
Key Investors
1. Toyota
- Details: Strategic automaker partner providing manufacturing expertise and capital.
- Investment Focus Areas: Mobility, manufacturing scale.
- Notable Investments: Toyota Ventures portfolio and mobility partnerships.
2. Delta
- Details: Strategic airline partner for route commercialization and operations.
- Investment Focus Areas: Air mobility and service partnerships.
Where Is Joby Aviation’s Headquarters?
Joby Aviation is headquartered in Santa Cruz, United States, with engineering and manufacturing operations supporting aircraft development and production.
What’s Next for Joby Aviation?
Joby will focus on completing certification, scaling manufacturing, deploying initial commercial routes through airline partners, and working on crew training and vertiport/infrastructure partnerships to launch urban air taxi services.
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